A secured credit card is a credit card that requires you to place a refundable security deposit, the amount of which becomes your credit limit, preventing you from spending more than you can afford to repay. Dr. Seth Hoelscher, assistant professor in the department of finance and general business at Missouri State University, offers more information about secured credit … [Read more...] about What’s a secured credit card?
The holiday season is here. According to the National Retail Federation, consumers are expected to spend about $1,048 on average during the 2019 holiday season. This is a 4% increase from last year. For many, with that spending comes stress and anxiety about how to pay for the gifts, travel and other expenses during the holidays. Dr. James Philpot is a certified financial … [Read more...] about Don’t overspend this holiday season
One major expense as a driver is car insurance. Finding a cheap, but quality coverage can be challenging. Dr. Puneet Prakash, associate professor in the department of finance and general business, and the Baker Chair of Risk Management and Insurance at Missouri State University, offers some insights to WalletHub about car insurance rates in Missouri. … [Read more...] about What are the pros and cons of cheap car insurance?
Some employers offer select employees a Supplemental Executive Retirement Plan (SERP). What is SERP? How is it different from the 401(k)? Dr. James Philpot, certified financial planner and associate professor of finance and general business at Missouri State University, explains more about SERP on U.S. News & World Report. … [Read more...] about Understanding the Supplemental Executive Retirement Plan
Many people carry very little cash with them and prefer paying for their purchases with a credit or debit card. Dr. James Philpot, certified financial planner and associate professor of finance and general business at Missouri State University, shares with Reader’s Digest a few instances when cash payment is best. … [Read more...] about When should you pay with cash instead of a card?